AIG facing liquidity crisis!

**boybi** · September 16th, 2008 10:01 PM

If I withdraw the college fund of my kid from PhilAm, I'll only get around 50% of the premium I paid. I think isusugal ko nalang siguro ito?

I've already withdrawn my investments in PELAC, with a little loss.

**boybi** · September 16th, 2008 10:01 PM

If I withdraw the college fund of my kid from PhilAm, I'll only get around 50% of the premium I paid. I think isusugal ko nalang siguro ito?

I've already withdrawn my investments in PELAC, with a little loss.

**uls** · September 16th, 2008 11:20 PM

the US private sector cannot help AIG.

Everyone has their own problems.

Ang pag asa lang ng AIG is a US govt bailout.

The US govt has to do something.

Failure of AIG will be catastrophic... as in global-scale catastrophic.

**Monseratto** · September 17th, 2008 07:59 AM

Peanuts lang yung Lehman at Merrill compared to AIG. Tapos may isa pang problema lumalabas, yung WaMu (Washington Mutual)...

**boybi** · September 17th, 2008 08:04 AM

Kaya pa bang i-save ng US gov ang AIG?

**tidus1203** · September 17th, 2008 08:20 AM

Actually the US government is now taking over AIG effectively. Good thing I am not a US taxpayer, after Fannie and Freddie was bailed out and now AIG the US has effectively doubled its debt in a matter of weeks. Add unfunded promises for Social Security, twin wars in Iraq and Afghanistan and ever growing bureaucracy I am glad I am not a US taxpayer sucks to be one.

**paolorenzo** · September 17th, 2008 08:33 AM

tsk, tsk, tsk... baka mapahiya ako next time I go shopping at ma-deny ang AIG credit card ko...

**uls** · September 17th, 2008 09:24 AM

OMG!

it actually happened

from CNBC

American International Group will get an $85 billion loan from the federal government in exchange for an 80 percent stake in itself, sources have told CNBC.

Sources said the loan, which will allow AIG to avoid bankruptcy, will be secured and include incentives for quick asset-sales by AIG.

well, it had to happen.

If the US govt didnt act, AIG would file for bankruptcy...

**tidus1203** · September 17th, 2008 09:55 AM

Thats what you call SOCIALISM. The US is probably more socialist than China is right now with all these bailouts going on.

**uls** · September 17th, 2008 10:25 AM

haha

People's Republic of America

----

grabe no?

i was just wondering last night who could save AIG...

the private sector would no way come up with $85B to save AIG.

Who the hell has an extra $85B to burn in this environment?

Everyone is holding on to their cash like their lives are at stake.

Not even the sovereign wealth funds with their hundred billion dollar funds will want to throw money at AIG.

that leaves the US govt and the Fed.

Letting AIG go bankrupt would stop the Earth's rotation hehe

That's how big AIG is.